BHP Billiton cautiously optimistic about China

Diversified mining giant BHP Billiton sounded a cautious note on the global economy in its annual general meeting on Thursday, saying that while there have been signs of stabilisation, markets are still tough.

Diversified mining giant BHP Billiton sounded a cautious note on the global economy in its annual general meeting on Thursday, saying that while there have been signs of stabilisation, markets are still tough.

Chairman Jac Nasser said that financial and economic problems continue to be felt across the world and "it's difficult to predict how and when they will be resolved but we do expect it to take considerable time".

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